Gold bulls remain resilient despite overbought conditions; all eyes on US NFP.

Gold Price Holds Strong Near Record Highs as Market Awaits US NFP Data

Gold price (XAU/USD) continues to hold onto its intraday gains during the Asian session on Friday, staying within close reach of its all-time high recorded earlier this week. The precious metal remains supported by growing investor concerns over escalating US-China trade tensions and uncertainty surrounding US President Donald Trump’s aggressive trade policies, driving demand for safe-haven assets.

Additionally, expectations that the Federal Reserve (Fed) will maintain its easing stance are keeping US Treasury bond yields near their lowest levels since December. This has weighed on the US Dollar (USD), limiting its appeal to investors and providing further support to the non-yielding gold price.

With gold prices holding firm, market participants are now closely watching the upcoming US Nonfarm Payrolls (NFP) report, which could provide fresh momentum and influence the next directional move for XAU/USD.

Stay tuned for key insights into how the NFP data may impact gold prices and broader market sentiment.